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The overall feeling in the market has been positive since the close of October. This month, Bitcoin (BTC) finally rose above its all-time high and surpassed the 100K mark, even though it eventually fell to $93.5K as of today. Meanwhile, many investors have already made plenty of gains from the November/December bull run.
Determining the next cryptocurrency to explode might be challenging as most funds are attracted to pumping assets. However, this article will explore the performance of cryptocurrencies with much growth potential, especially before the year runs out. The aim is to identify coins with some potential and help investors and traders make informed decisions about each token.
Next Cryptocurrency To Explode
Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of the presale token, Solaxy. This new meme coin offers a unique blend of these two dynamics by combining meme coins’ excitement and reward potential with the practical utility of a Layer 2 blockchain solution.
1. Fasttoken (FTN)
Fasttoken (FTN) is showing impressive growth, with an 11.04% increase over the past month, bringing its price to $3.54. This surge is supported by steady gains of 4.76% daily and 6.33% weekly, highlighting its growing importance within the Bahamut blockchain, an EVM-based layer-1 network powered by an innovative Proof of Stake and Activity (PoSA) system.
FTN plays a vital role as the backbone of Bahamut. It’s essential for staking, paying gas fees, and facilitating cross-chain transactions, making it indispensable within the network. Additionally, its integration within the SoftConstruct ecosystem further enhances its utility and solidifies its position in the blockchain landscape.
A standout feature of Bahamut is its PoSA consensus system, which uniquely rewards validators based on their stake size and the engagement level of smart contracts. The more activity a contract generates, the greater the rewards for validators. This system not only increases network activity but also promotes security by encouraging developers to create high-quality, widely used contracts. As a result, the platform benefits from sustained growth and robust developer engagement.
From a market perspective, FTN has demonstrated strong long-term potential. With a 161% price increase over the past year, it continues to build investor confidence. Its high liquidity and a market cap-to-volume ratio of 0.0035 contribute to stable trading. However, its 14-day RSI suggests it may be entering an overbought territory, hinting at a potential price cooldown. Despite this, FTN has outperformed 80% of the top crypto assets, proving its resilience and appeal.
2. UNUS SED LEO (LEO)
UNUS SED LEO (LEO) is a standout utility token within the iFinex ecosystem, designed to provide significant perks for users of the Bitfinex exchange. Its dual-chain structure, operating 64% on Ethereum and 36% on EOS, ensures flexibility and security, catering to a diverse range of users.
LEO holders gain several exclusive advantages on Bitfinex, including lower trading fees that scale with the amount of LEO they own. Additional benefits, such as reduced funding costs and rewards through the Bitfinex referral program, make it a valuable asset for active traders seeking cost efficiencies.
Currently priced at $9.09, LEO has seen a 1.27% increase in the past day. Despite this price growth, liquidity remains limited, with a volume-to-market cap ratio of 0.0036 and a 24-hour trading volume decline of over 17% to $937.45K. Although market sentiment is bearish, a Fear & Greed Index score of 64 (Greed) indicates growing investor confidence.
The largest, best-informed professional traders are on Bitfinex. ✅
Don’t miss out on the conversation on #TheOriginalBitcoinExchange! 👇
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Official Discord: https://t.co/slnLhRQU2Z pic.twitter.com/brQx0wtOKG— Bitfinex (@bitfinex) December 31, 2024
One of LEO’s most distinctive features is its buyback and burn mechanism. iFinex allocates 27% of its revenue to repurchase LEO tokens, reducing their supply and potentially boosting their value over time. This approach positions LEO as a direct competitor to other exchange tokens like Binance Coin (BNB), OKB, and Cronos (CRO).
While its recent performance has been modest—with only 9 green days in the past month—LEO is trading 55.79% above its 200-day simple moving average of $3.85, demonstrating consistent upward momentum. Over the last year, LEO’s value has surged by 128.19%, outperforming 60% of the top 100 cryptocurrencies.
3. Solaxy (SOLX)
Solaxy ($SOLX) has taken the crypto world by storm, surpassing $7 million in presale funding in under two weeks. This impressive milestone highlights the growing excitement around Solaxy as the first-ever Layer-2 solution built on the Solana blockchain. The project also offers an enticing opportunity with 550% annual staking rewards, drawing in significant investor interest. Notably, more than 2 billion $SOLX tokens have already been staked since the presale began, further showcasing its strong appeal.
One of Solaxy’s most remarkable features is its multi-chain compatibility, seamlessly integrating with both Solana and Ethereum. This dual-blockchain approach takes advantage of Solana’s speed and efficiency for high-frequency trading and decentralized applications while tapping into Ethereum’s unmatched liquidity and security. By creating a bridge between these ecosystems, Solaxy makes it easy for users to transfer assets across chains, adding immense value to its utility.
Solaxy’s innovative Layer-2 solution addresses critical challenges in the Solana network, including scalability and efficiency. By enhancing Solana’s performance and connecting it to Ethereum’s liquidity-rich environment, Solaxy positions itself as a promising long-term project. The $7 million presale success reflects investors’ high confidence in this vision.
For those interested in joining, the current price of $SOLX is $0.001586. However, the presale price is set to increase when the countdown timer ends tomorrow, urging prospective buyers to act quickly for the best entry point. Additionally, $SOLX staking rewards are distributed at a rate of 4,377.4 tokens per ETH block over three years, claimable after the presale token claim goes live.
4. AI Rig Complex (ARC)
AI Rig Complex (ARC) has captured significant market attention with its impressive performance. Currently trading at $0.3712, the token has surged by 34.89% in the past 24 hours. With a 24-hour trading volume of $68.45 million, ARC shows substantial market activity and an incredible growth rate of 89.92%, demonstrating strong investor interest. Its Volume-to-Market Cap Ratio of 0.1933 indicates robust liquidity, which is promising for a recently launched asset.
The token has already marked notable milestones. ARC hit its all-time high of $0.383785 on December 31, 2024, following its all-time low of $0.029484 on December 12, 2024. In the current price cycle, ARC’s lowest point was $0.368367, while its highest reached $0.373381. The market sentiment for ARC remains bullish, and with a Fear & Greed Index score of 64 (Greed), it’s clear that confidence in the token is growing.
Looking ahead, ARC’s potential hinges on establishing strong fundamentals and cultivating an active community. Should the project secure partnerships with other networks, the token could see its price climb beyond $1.52 by January 2025. Moreover, if the broader crypto market sustains its bullish momentum, we predict an average price of $3.19 by March 2025. However, in the event of a market downturn, ARC’s price might dip to $0.099.
this is called stigmergy – where agents leave traces that guide future actions, creating emergent intelligence beyond any single individual
and that is what blockchains combined with this new generation of ai models allows us to direct https://t.co/ze2dj9xieB
— arc (@arcdotfun) December 28, 2024
AI Rig Complex is off to a remarkable start with its rapid price growth, high liquidity, and bullish sentiment. Its future success will depend on the team’s ability to foster innovation, partnerships, and community support. For investors seeking high-growth opportunities, ARC is undoubtedly a token worth monitoring.
5. FTX Token (FTT)
The FTX Token (FTT) has made a remarkable comeback this year, significantly outperforming many other cryptocurrencies. Currently trading at $3.83, FTT has surged over 245% from its September lows, pushing its market cap to $1.26 billion. This impressive rally is primarily driven by increasing attention on the impending distribution of over $16 billion in funds to FTX creditors and customers. With the bankruptcy case entering its final stages, these gains could extend into January.
Following the collapse of the FTX exchange, FTT experienced a severe price drop. However, it has since demonstrated notable resilience, with its price increasing 21.74% in the past week and an impressive 47.74% over the last month. This recovery signals renewed confidence among investors.
FTX recently announced that preparations for the reimbursement process are nearing completion. Starting in January 2025, eligible customers and creditors can expect payouts managed by specialized distribution agents. To participate, users must sign up via the FTX portal, verify their identity, and submit tax documentation.
On the technical side, FTT’s chart presents encouraging signs. The 50-day Moving Average has crossed above the 200-day Moving Average, forming a bullish Golden Cross pattern. If the token manages to break through its $4 resistance level, it could gain further momentum.
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